Which of the following is true regarding a SIMPLE IRA plan? A. The employer must have 100

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Which of the following is true regarding a SIMPLE IRA plan?
A. The employer must have 100 or more employees.
B. Participant loans are allowed.
C. It can be combined with a money purchase plan.
D. An employee is immediately vested.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 08, 2024 02:01 AM

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Which of the following is true regarding a SIMPLE IRA plan? A. The employer must have 100

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Answer The correct answer is D An employee is immediately vested In a SIMPLE IR...View the full answer

Essentials Of Personal Financial Planning

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